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South Africa: Two-pot retirement reform in a nutshell

South Africa: Two-pot retirement reform in a nutshell

Africa Links 24 with Neesa Moodley
Published on 2024-08-22 19:05:13

How many pots are there really?

If you have already started saving for retirement, you will have three pots. The money you have saved until 1 September 2024 will be your “vested” pot. The money you save from 1 September 2024 will be split between two pots – the savings pot and the retirement pot.

Read more: Everything you need to know about the two-pot retirement reform

Where can I withdraw money?

You will be able to withdraw from the savings pot once per tax year (March to March each…

Read the Full article on Daily Maverick

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